VietnameseDecision No. 11/QD-NHNN dated January 06, 2010 of the State Bank of Vietnam on the list of valuable papers to be used in transactions of the State Bank
ATTRIBUTE
Decision No. 11/QD-NHNN dated January 06, 2010 of the State Bank of Vietnam on the list of valuable papers to be used in transactions of the State Bank
| Issuing body: | State Bank of Vietnam | Effective date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Official number: | 11/QD-NHNN | Signer: | Nguyen Dong Tien |
| Type: | Decision | Expiry date: | Updating |
| Issuing date: | 06/01/2010 | Effect status: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Fields: | Commerce - Advertising , Finance - Banking |
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Effect status: Known
STATE BANK OF VIETNAM ---------- No. 11/QD-NHNN | SOCIALIST REPUBLIC OF VIETNAM Independence – Freedom – Happiness -------------------------- Hanoi, 06 January 2010 |
DECISION
ON THE LIST OF VALUABLE PAPERS TO BE USED IN TRANSACTIONS OF THE STATE BANK
THE GOVERNOR OF THE STATE BANK
Pursuant to the Law on the State Bank of Vietnam issued in 1997; the Law on the amendment, supplement of several articles of the Law on the State Bank of Vietnam issued 2003;
Pursuant to the Law on Credit Institutions issued in 1997; the Law on the amendment, supplement of several articles of the Law on Credit Institutions issued in 2004;
Pursuant to the Decree No.96/2008/ND-CP dated 26/8/2008 of the Government providing for the functions, duties, authority and organizational structure of the State Bank of Vietnam;
Pursuant to the Decision No.01/2007/QD-NHNN dated 5/1/2007 of the Governor of the State Bank on the issuance of the Regulation on open market operations; Decision No.27/2008/QD-NHNN dated 30/9/2008 of the Governor of the State Bank on the amendment, supplement of several articles of the Regulation on open market operations issued in conjunction with the Decision No.01/2007/QD-NHNN;
Pursuant to the Circular No.03/2009/TT-NHNN dated 02/3/2009 of the State Bank providing for the lending secured by the mortgage of valuable paper of the Governor of the State Bank to banks; Circular No.11/2009/TT-NHNN dated 27/5/2009 of the Governor of the State Bank on the amendment of Paragraph 1 Article 7 of the Circular No.03/2009/TT-NHNN;
Pursuant to the Decision No. 898/2003/QD-NHNN dated 12/8/2003 of the Governor of the State Bank on the issuance of the Regulation on the discount, rediscount by the State Bank to banks; Decision No.12/2008/QD-NHNN dated 29/4/2008 of the Governor of the State Bank on the amendment, supplement of several articles of the Regulation on discount, rediscount by the State Bank to banks issued in conjunction with the Decision No.898/2003/QD-NHNN;
Pursuant to the Decision No.04/2007/QD-NHNN dated 22/1/2007 of the Governor of the State Bank on the overdraft and overnight lending applicable in inter-bank electronic payment.
Upon the proposal of the Credit Department’s Director,
DECIDES:
Article 1. The State Bank hereby provides for the types of valuable papers to be used in transactions of open market operation, lending secured by the mortgage of valuable papers, discount, rediscount of valuable papers, overdraft and overnight lending applicable in inter-bank electronic payment (hereinafter referred to as transactions with the State Bank) at the State Bank as follows:
1. Valuable papers to be used in transactions with the State Bank:
1.1. State Bank’s bills.
1.2. Government’s bonds, including:
a. Treasury bills;
b. Treasury bonds;
c. Central work bonds;
d. Government’s bonds for construction of Motherland.
dd. Government’s bonds issued by Vietnam Development Bank (formerly called Fund for Development Assistance) under the designation by the Prime Minister.
1.3. Bonds guaranteed by the Government, including:
a. Bonds issued by Vietnam Development Bank, of which the payment of 100% of the principal, interest amount is guaranteed by the Government at the maturity;
b. Bonds issued by Bank for Social Policy issued, of which the payment of 100% of the principal, interest amount is guaranteed by the Government at the maturity.
1.4. Local Government’s Bonds issued by Hanoi People’s Committee and Hochiminh People’s Committee.
2. Valuable papers stipulated in Paragraph 1 above must fully satisfy following conditions:
2.1. To be deposited at the State Bank;
2.2. To be subject to the legal ownership of the credit institution;
2.3. The issuing organization shall not be entitled to use valuable papers issued by the very organization to take part in transactions with the State Bank.
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